However, in the view of many business owners, the passive situation in the whole industry has not been fundamentally reversed because they are faced with a "severe winter" which has never been encountered before.

As a general manager of clothing export enterprises with an annual output value of tens of millions of yuan, in the face of a sharp decrease of 30% of orders and storehouses pile up higher inventory, Ding Rongcheng felt the smell of "winter".

The financial tsunami on the other side of the ocean has taken away too many orders. The situation of dsen clothing is only a microcosm of the survival state of China's clothing and textile enterprises.

Recently, the largest printing and dyeing enterprise in Shaoxing, Jiang long holding group, came to the news of bankruptcy and liquidation. Its president and wife had disappeared.

Previously, many large textile enterprises such as Shandong cherry blossom, Zhejiang leap, Shandong galaxy and so on were closed down.

An expert in clothing and textile industry said.

The chief executive of a garment export enterprise in Zhejiang told reporters that layoffs are unavoidable. "At present, it is mainly to reduce some non productive personnel such as administration and management."

A manufacturer told reporters that although the increase was only one percentage point, at least 1% of total trade exports could be directly plated into profits.

However, it is pointed out that once the rate of tax rebate is raised, foreign businessmen will inevitably reduce the price of products and will not fundamentally change the difficult situation of clothing textile enterprises.

Textile and garment export figures released by the General Administration of Customs show that in September, exports of textiles and clothing decreased by nearly US $600 million compared with August, and export growth is still in the doldrums.

The export tax rebate rate raised in August 1st did not bring a real turning point for the export of textile and garment industry.